May 29, 2012
Market Information for this Week.....
May 29, 2012
Last week, the SPX had pulled back to its 320-day moving average, in the 1,291 zone. Since the late 1990’s this technical analysis has proven its significance as a support and resistance area on multiple occasions. Crossovers above and below this trendline have proven to be pretty effective buy and sell signals, and this article goes into detail to outline the significance of this situation.
Memorial Day Returns - Market Indicator for the Week Ahead
For investors, traders and the stock market, Memorial Day returns appear to produce a bullish theme in many instances.
The Standard & Poor's 500 Index (SPX) returns for the week have been pretty bullish. Since 2000, the average Memorial Day week return is 0.86%, while the typical week is relatively flat.
Also, there is some positive news for the rest of the year, surrounding this market indicator.
The Week Ahead in the Stock Market - May 28, 2012
Markets in the week ahead will again be pulled by every real or rumored development out of Europe, particularly relating to Greece and Spain. However, investors would be wise to be more prudent and concentrate more on the upcoming economic reports, especially Friday’s U.S. employment report.
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